Highlights
Brazilian Meat Monitor
Picked out for special attention by
the Fernando Henrique government,
chicken is being focused on by the
Rousseff government as well.
To ease ination in the protein sec-
tor, the government has recommen-
ded replacing beef for chicken.
At the beginning of the Cardoso go-
vernment, chicken was a foundation
of the Real Plan, and was sold at less
than R$ 1 a kilo. It was seen as a na-
tional treasure.
Live poultry now costs R$ 2.70 a kilo
on the farm in São Paulo, and prices
are up on the São Paulo retail market
as well.
Beef, due to what is known as the se-
asonality of the sector, is expensive.
This is because it is the off-season
and there is a lack of cattle availa-
ble for slaughter, says José Vicente
Ferraz, of Informa Economics FNP.
Added to which there is a structural
issue in the sector. Demand is gro-
wing as incomes rise, but the supply
of cattle available for slaughter has
not increased at the same pace.
Productivity must improve, and this is
only possible if investment is made.
In the current scenario for cattle far-
ming, in which prot margins are low,
such investments are not attractive.
“This means there has been a gain in
productivity, but it has been modest,”
says Ferraz.
Cattle are trading at R$ 132 / @ (15
kg unit) in the state of São Paulo, ac-
cording to Informa Economics FNP.
This is 20% up on the same period
last year.
Ferraz says live cattle prices will incre-
ase, perhaps to R$ 140 per @ in the
coming weeks.
While beef prices are up, chicken may
become more affordable this year
due to the advance of agricultural
production, which has brought down
grain prices, which makes poultry
production costs cheaper, says Ferraz.
Cheaper grain will also reduce fee-
dlot costs, but cattle from this source
are not as signicant on the market
as was imagined ten years ago, says
Ferraz.
Ferraz says this vicious circle - in whi-
ch margins do not attract investors,
and a lack of investment means there
is no growth in supply - can still be
broken.
Brazil has advantages over other pro-
ducing countries, mainly due to its
lower labor and land costs, and its
climate.
But one of the serious problems to
be overcome is a lack of qualied la-
bor. Livestock farming has to do what
agriculture did, incorporating new
technologies.
“There is a lack of investment and
management in the implementation
of new systems in the sector,” says
Ferraz.
By to Mauro Zafalon
Issue #440October 10,
th
2014
Cattle still in limited supply in Brazil ...................................................................................................... 02
Beef export revenue up by 10% this year - Abiec ................................................................................. 10
Exports up in September .......................................................................................................................... 11
Short-term uptrend in live chicken ......................................................................................................... 11
Project includes poultry in the government’s minimum pricing policy ............................................. 18
Dreyfus injects R$ 100.6 million into juice business in Brazil .............................................................. 18
Grain market watches the weather ......................................................................................................... 19
HigH retail beef prices in brazil could rise even more
2
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Brazilian Meat Monitor
beef market overview
Cattle still in limited supply in Brazil
In the second week of October the spot market for live cattle saw
price rises in a scenario of limited availability. Many slaughterhou-
ses have started the month with very low stocks of animals for
slaughter, just as demand increases. Many have adopted a very
cautious policy because of a fear that demand will fall.
The situation has been aggravated because the expec-
ted growth in the supply of feedlot cattle has not yet
materialized. The prospect of further price increases is
very real, but purchasing power among consumers is
limited.
Wholesale supply is low while demand has risen in the
rst days of October. Prices of major cuts remain rm. In
recent weeks, the pace of exports has improved, contri-
buting to steady prices. In this context, wholesale prices
will remain rm for the next few weeks. It remains to be
seen how demand will react.
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Brazilian Meat Monitor
#440 october 10
th
, 2014
High retail beef prices in Brazil could rise even more ........................1
Beef Market Overview .............................................................................2
Cattle still in limited supply in Brazil .................................................2
Brazilian Finished Steer Prices .................................................................4
Slaughter Cow Prices ................................................................................6
Replacement Cattle Prices .......................................................................6
Brazilian Mercantile & Futures Exchange (bm&f) ...............................8
The live cattle futures market saw prices for most contracts
rise this week, reflecting the firm prices on the spot market. ......8
Mercosur Beef Prices.................................................................................8
Beef Exports ................................................................................................ 9
Beef News Summary ...............................................................................10
Industry reaffirms effort to combat non-inspected slaughter .... 10
Beef export revenue up by 10% this year - Abiec .........................10
Exports total US $ 75.91 billion between January and September .... 10
JBS obtains approval from CADE for acquisition that would
help its foray into Mexico..................................................................10
Marfrig to return five leased units ................................................... 10
Poultry and Pork Domestic Market Overview ....................................11
Poultry and Pork Domestic Prices ......................................................... 13
Poultry Exports .........................................................................................16
Pork Exports ..............................................................................................17
Poultry and Pork News Summary .......................................................... 18
Project includes poultry in the government’s minimum
pricing policy ......................................................................................18
Brazil may lose its advantage in exporting to Russia if prices
do not fall, says Russian official ........................................................18
Dreyfus injects R$ 100.6 million into juice business in Brazil .....18
More than half the meat produced in Brazil will be chicken
within five years .................................................................................18
Feed News .................................................................................................19
Soybean and Corn Domestic Prices ...................................................... 20
MAP OF BRAZILIAN STATES .................................................................. 22
4
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Brazilian Meat Monitor
brazilian finisHed steer prices
Highest price - São Paulo
Date
Cash Foward
Contract
Monthly change
%
12 months
change %
US$/kg US$/pound
9-Oct
132,00 1,5% 0,8% 5,54 1,66
8-Oct
132,00 1,5% 0,8% 3,69 1,67
7-Oct
132,00 1,5% 0,8% 3,66 1,66
6-Oct
131,00 0,8% 0,0% 3,60 1,63
3-Oct
130,00 0,0% -0,8% 3,52 1,60
2-Oct
130,00 0,0% -0,8% 3,48 1,58
Source: Informa Economics FNP *In R$/@
As of February 8th, Informa Economics FNP has been releasing the price of beef cattle for prompt payment and
free of any discounting for taxes. Previously the company released the price paid in instalments to allow for the
tax. The difference between the two values is about R$ 4.00/@.
In Brazil, finished steer
prices are quoted in Reais (R$)
per ‘arroba’ (@). One arroba
is equivalent to 15kg carcass
weight (30kg live weight with
a dressing percentage of 50%).
Index price - São Paulo
Date Cash Price
Monthly change
%
12 months
change %
US$/kg US$/pound
9-Oct
131,81 1,7% 1,0% 3,66 1,66
8-Oct
130,87 1,0% 0,3% 3,66 1,66
7-Oct
130,23 0,5% -0,2% 3,61 1,64
6-Oct
130,16 0,4% -0,2% 3,58 1,62
3-Oct
130,43 0,6% 0,0% 3,53 1,60
2-Oct
130,22 0,5% -0,2% 3,48 1,58
Source: Cepea/Esalq *In R$/@
Monthly Average - São Paulo
Date R$/@ US$/kg US$/pound
Oct-14
131,00 3,59 1,63
Sep-14
130,00 3,71 1,68
Aug-14
124,38 3,66 1,66
Jul-14
119,95 3,59 1,63
Jun-14
122,74 3,66 1,66
May-14
122,95 3,69 1,67
Apr-14
125,35 3,74 1,70
Mar-14
125,89 3,61 1,64
Feb-14
119,20 3,34 1,51
jan-14
115,27 3,22 1,46
dec-13
114,32 3,25 1,47
nov-13
109,47 3,17 1,44
oct-13
109,65 3,34 1,51
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Brazilian Meat Monitor
In Brazil, nished steer prices are quoted in reais (RS) per “arroba” (@). One arroba is equivalent to 15kg carcass weight
(30kg live weight with a dressing percentage of 50%)
Brazilian Finished STEER Prices BY REGION - US$
State - Region/City var. in R$
out, 09 out, 08 out, 07 out, 06 out, 03
per pound per Kg per pound per Kg per pound per Kg per pound per Kg per pound per Kg
SP - Noroeste
à
1,66 3,67 1,67 3,69 1,66 3,66 1,63 3,60 1,60 3,52
MS - Dourados
á
1,60 3,53 1,61 3,55 1,60 3,52 1,57 3,46 1,54 3,39
MS - Campo Grande
á
1,60 3,53 1,61 3,55 1,59 3,50 1,57 3,46 1,54 3,39
MS - Três Lagoas
à
1,61 3,56 1,62 3,58 1,61 3,55 1,58 3,49 1,55 3,41
MT - Cáceres
à
1,50 3,31 1,51 3,32 1,50 3,30 1,47 3,24 1,45 3,20
MT - Barra do Garças
à
1,49 3,28 1,50 3,30 1,47 3,25 1,46 3,21 1,44 3,17
MT - Cuiabá
à
1,50 3,31 1,51 3,32 1,50 3,30 1,47 3,24 1,45 3,20
MT - Colíder
à
1,46 3,23 1,47 3,24 1,46 3,22 1,45 3,19 1,42 3,14
GO - Goiânia
à
1,58 3,48 1,58 3,49 1,57 3,47 1,56 3,43 1,54 3,39
GO - Sul
à
1,58 3,48 1,57 3,46 1,56 3,44 1,55 3,41 1,52 3,36
PR - Maringá
à
1,63 3,59 1,63 3,60 1,62 3,58 1,61 3,54 1,58 3,49
MG - Triângulo
á
1,55 3,42 1,56 3,44 1,54 3,39 1,52 3,35 1,50 3,30
MG - Belo Horizonte
á
1,58 3,48 1,58 3,49 1,55 3,41 1,53 3,38 1,51 3,33
BA - Feira de Santana
à
1,64 3,61 1,65 3,63 1,64 3,61 1,62 3,57 1,60 3,52
RS - Porto Alegre
à
1,63 3,59 1,63 3,60 1,62 3,58 1,61 3,54 1,55 3,41
RS - Fronteira
à
1,63 3,59 1,63 3,60 1,62 3,58 1,61 3,54 1,58 3,49
PA - Marabá
à
1,49 3,28 1,48 3,27 1,46 3,22 1,45 3,19 1,42 3,14
PA - Redenção
à
1,53 3,36 1,53 3,38 1,52 3,36 1,48 3,27 1,46 3,22
PA - Paragominas
à
1,46 3,23 1,47 3,24 1,46 3,22 1,45 3,19 1,41 3,11
TO - Araguaína
á
1,54 3,39 1,55 3,41 1,54 3,39 1,52 3,35 1,50 3,30
TO - Gurupi
à
1,54 3,39 1,55 3,41 1,51 3,33 1,50 3,30 1,47 3,25
RO-Cacoal
á
1,55 3,42 1,56 3,44 1,54 3,39 1,52 3,35 1,47 3,25
RJ - Campos
à
1,54 3,39 1,55 3,41 1,51 3,33 1,50 3,30 1,47 3,25
MA - Açailândia
á
1,51 3,34 1,52 3,35 1,51 3,33 1,50 3,30 1,47 3,25
Source: Informa Economics FNP
Oct, 10 - R$132 /@
50,0
60,0
70,0
80,0
90,0
100,0
110,0
120,0
130,0
140,0
out /09
dez/09
fev/10
abr/10
jun/10
ago/10
out /10
dez/10
fev/11
abr/11
jun/11
ago/11
out /11
dez/11
fev/12
abr/12
jun/12
ago/12
out /12
dez/12
fev/13
abr/13
jun/13
ago/13
out /13
dez/13
fev/14
abr/14
jun/14
ago/14
out /14
R$/@
Finished Steer Prices R$/@
- São Paulo *
Source Informa Economics FNP
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Brazilian Meat Monitor
slaugHter cow prices
Heifer (18-24 months)
*Prices in Dourados, Mato Grosso do Sul state,
reference area for heifer prices in Brazil
replacement cattle prices
Highest price - Mato Grosso do Sul *
Date
Cash Foward
Contract
Monthly change
%
12 months
change %
US$/head
9-Oct
1000,00 11,1% 9,4% 629,72
8-Oct
900,00 0,0% -1,6% 377,20
7-Oct
900,00 0,0% -1,6% 374,64
6-Oct
900,00 0,0% -1,6% 370,89
3-Oct
900,00 0,0% -1,6% 365,59
2-Oct
900,00 0,0% -1,6% 361,18
Source: Informa Economics FNP *In R$/head
*Heifer 18 a 24 months age, weighng 240 kg
Monthly Average - São Paulo
Date R$/@ US$/kg US$/pound
Oct-14
124,00 3,39 1,54
Sep-14
121,77 3,48 1,58
Aug-14
115,86 3,41 1,54
Jul-14
112,50 3,37 1,53
Jun-14
113,11 3,37 1,53
May-14
113,10 3,39 1,54
Apr-14
114,55 3,42 1,55
mar-14
113,42 3,25 1,47
feb-14
108,45 3,03 1,38
jan-14
105,95 2,96 1,34
dec-13
106,47 3,02 1,37
nov-13
104,21 3,02 1,37
oct-13
104,04 3,17 1,44
Highest price - São Paulo
Date
Cash Foward
Contract
Monthly change
%
12 months
change %
US$/kg US$/pound
9-Oct
125,00 1,6% 0,8% 5,25 2,38
8-Oct
125,00 1,6% 0,8% 3,49 1,58
7-Oct
125,00 1,6% 0,8% 3,47 1,57
6-Oct
124,00 0,8% 0,0% 3,41 1,55
3-Oct
123,00 0,0% -0,8% 3,33 1,51
2-Oct
123,00 0,0% -0,8% 3,29 1,49
Source:Informa Economics FNP *In R$/@
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Brazilian Meat Monitor
Heifer (18-24 months)
Calf 8 to 12 months age,
werghting 180kg
Prices in Dourados, Mato
Grosso do Sul state, refe-
rence area for calf prices in
Brazil
Calf ( 8-12 months )
Calf ( 8-12 months )
Monthly Average - Mato Grosso do Sul
Date R$/head US$/head
Oct-14
1107,14 454,51
Sep-14
1100,00 470,98
Aug-14
1100,00 485,03
Jul-14
1100,00 494,29
Jun-14
1100,00 492,02
May-14
1100,00 495,15
Apr-14
958,25 429,24
mar-14
830,00 356,71
feb-14
830,00 348,36
jan-14
830,00 348,24
dec-13
824,17 351,11
nov-13
829,47 360,48
oct-13
870,00 397,00
Highest price - Mato Grosso do Sul *
Date
Cash Foward
Contract
Monthly change
%
12 months
change %
US$/head
9-Oct
1150,00 4,5% 3,9% 724,18
8-Oct
1100,00 0,0% -0,6% 461,02
7-Oct
1100,00 0,0% -0,6% 457,89
6-Oct
1100,00 0,0% -0,6% 453,31
3-Oct
1100,00 0,0% -0,6% 446,83
2-Oct
1100,00 0,0% -0,6% 441,45
Monthly Average - Mato Grosso do Sul
Date R$/head US$/head
Oct-14
914,29 375,34
Sep-14
900,00 385,35
Aug-14
900,00 396,84
Jul-14
904,55 406,46
Jun-14
986,84 441,40
May-14
992,86 446,93
Apr-14
921,25 412,66
mar-14
850,00 365,31
feb-14
850,00 356,75
jan-14
850,00 356,63
dec-13
850,00 362,12
nov-13
847,37 368,25
oct-13
850,00 387,88
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Brazilian Meat Monitor
brazilian mercantile & futures excHange (bm&f)
The live cattle futures market saw prices for most
contracts rise this week, reflecting the firm prices on
the spot market.
October/14 ended trading on October 8 at R$
132.91 / @, up by 0.30% in a week. November/14
closed at R$ 134.24 / @, up by 0.39% in the period.
December/14 closed at R$ 134.01 / @, down by
0.06%. January/ 5 ended the trading session at R$
132.80 / @, up by 0.39%.May/15 closed at R$ 130.37 /
@, up by 0.35%.
The US dollar closed at R$ 2.3860 on October 9, down by
4.25%. The ESALQ / BM&F Indicator gained 0.50% in the
period, closing at R$ 130.87 on October 8.
mercosur beef prices
Weekly Mercosur BEEF Cattle Spot Market - US$ (Live Weight)*
From 10/10/2014 - 10/16/2014
Argentina Uruguay Paraguay
Steers Cows Steers Cows Steers Cows
per pound per Kg per pound per Kg per pound per Kg per pound per Kg per pound per Kg per pound per Kg
4,564 2,070 2,579 1,170 7,099 3,220 6,614 3,000 7,055 3,200 6,746 3,060
*Reference Prime Price
Source:Bolem Pecuário Semanal - Informa Economics FNP
2,150
2,200
2,250
2,300
2,350
2,400
2,450
2,500
2,550
114,00
119,00
124,00
129,00
134,00
139,00
08/set
09/set
10/set
11/set
12/set
15/set
16/set
17/set
18/set
19/set
22/set
23/set
24/set
25/set
26/set
29/set
30/set
01/out
02/out
03/out
06/out
07/out
08/out
09/out
R$/US$
R$/@
BM&F BEEF Cattle prices
10/31/2014
11/29/2014
12/30/2014
01/31/2015
05/31/2015
U S$
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Brazilian Meat Monitor
BEEF Exports
QUANTITY - Tonnes (carcass weight equivalent)
Fresh Beef
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
81,087 71,425 90,501 89,814 107,882 96,164 108,131 117,515 118,036 130,597 107,223 108,502 1,226,878
2013
116,075 98,385 110,696 123,580 118,859 113,750 136,364 142,563 145,521 153,773 133,665 144,434 1,537,664
2014
136,036 146,983 111,873 118,313 133,022 127,010 152,249 141,806 1,067,292
Processed Beef
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
18,343 19,257 23,680 20,102 25,068 24,162 22,945 24,283 19,579 25,705 22,373 21,991 267,490
2013
20,318 20,170 19,401 21,981 23,231 19,007 21,015 23,388 25,149 23,283 17,735 16,472 251,149
2014
14,845 18,822 19,291 22,315 23,048 22,002 22,578 19,925 162,826
Quantity - TOTAL
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
99,429 90,683 114,181 109,916 132,951 120,326 131,076 141,798 137,615 156,302 129,596 130,493 1,494,368
2013
136,392 118,554 130,097 145,561 142,091 132,757 157,379 165,951 170,671 177,056 151,400 160,905 1,788,813
2014
150,880 165,805 131,164 140,628 156,070 149,012 174,827 161,731 1,230,118
VALUE '000 US$
Fresh Beef
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
300,972 270,824 340,768 342,961 398,276 346,550 377,886 421,371 421,059 485,889 399,183 389,141 4,494,880
2013
409,243 350,374 393,673 436,588 405,135 387,382 464,026 474,751 501,995 539,202 480,104 518,353 5,360,827
2014
458,873 501,863 384,114 422,665 489,344 471,621 571,671 534,135 3,834,287
Processed Beef
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
42,323 45,989 61,496 52,572 64,237 60,868 53,766 54,160 44,063 57,111 49,417 49,637 635,640
2013
45,597 46,565 47,504 52,174 53,976 44,249 51,649 57,496 59,450 56,214 40,897 38,004 593,777
2014
34,471 46,461 44,027 52,715 58,247 53,914 56,508 48,996 395,339
Value - TOTAL
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
343,295 316,814 402,264 395,533 462,513 407,418 431,652 475,530 465,122 543,001 448,601 438,779 5,130,520
2013
454,840 396,939 441,177 488,763 459,111 431,632 515,675 532,247 561,445 595,417 521,001 556,357 5,954,604
2014
493,344 548,324 428,142 475,380 547,591 525,535 628,178 583,131 4,229,626
Average PRICES US$ per Tonne (carcass weight equivalent)
Fresh Beef
2012
4,498 3,560 3,013 3,427 3,481 3,481 3,614 3,549 3,846 3,019 2,107 1,977 3,298
2013
2,593 2,753 3,078 2,775 3,351 3,047 2,771 2,956 2,893 3,160 2,986 2,694 2,921
2014
3,008 2,384 3,519 3,690 3,046 3,050 3,048 3,348 3,137
Processed Beef
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
2,307 2,388 2,597 2,615 2,562 2,519 2,343 2,230 2,250 2,222 2,209 2,257 2,375
2013
2,244 2,309 2,449 2,374 2,323 2,328 2,458 2,458 2,364 2,414 2,306 2,307 2,361
2014
2,322 2,468 2,282 2,362 2,527 2,450 2,503 2,459 2,422
Average Prices - TOTAL
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
3,453 3,494 3,523 3,598 3,479 3,386 3,293 3,354 3,380 3,474 3,462 3,362 3,438
2013
3,335 3,348 3,391 3,358 3,231 3,251 3,277 3,207 3,290 3,363 3,441 3,458 3,329
2014
3,270 3,307 3,264 3,380 3,509 3,527 3,593 3,606 3,432
Source: SECEX / Informa Economics FNP
beef exports
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Brazilian Meat Monitor
Industry reaffirms effort to combat non-inspected
slaughter
In response to sustainability challenges and demands on
the export market, the Brazilian meat industry is increa-
singly engaged in the ght against livestock production
in area stat have been deforested or that violate social sa-
feguards. Just under 30% of slaughterhouses are not yet
federally inspected. In the Amazon, since 2009 measures
have been taken to increase productivity and release are-
as to be reforested.
The commitment reafrmed in July this year between
federal prosecutors and Abiec aims to assist in the crea-
tion of mechanisms to implement rural environmental re-
gistration, the adoption of a monitoring and continuous
improvement programs, the establishment of dialogue
with other links in the chain and organizations in civil so-
ciety about the sustainable development of the livestock
industry and the development of programs to stop non-
-inspected slaughter. A seal will be created to certify meat
from producers who follow best practices.
In Pará, the rst audit by the federal prosecutor has re-
vealed that companies are no longer buying from illegal
producers. A wider audit of all the slaughterhouses in the
Amazon is already being planned to measure the impact
of the initiative. Pará, Mato Grosso, Rondônia, Acre and
Amazonas have joined the pact, but Amapá, Maranhão
and Roraima are yet to do so.
Informaon provided by Valor Econômico
Beef export revenue up by 10% this year - Abiec
Brazil’s beef industry has grown by 10.87% in export re-
venue terms in 2014 up to September, and 7.09% in
volume, year on year. Volume was 1.164 million tons,
compared with 1.08 million tons in 2013. Exports in 2014
have earned US$ 5.3 billion, compared with US$ 4.7
billion in 2013.
Hong Kong and Russia remain the main importers of
Brazilian beef, with constant growth throughout the
year. The volume exported to Hong Kong has exceeded
293,000 tons, up by 9.12%, with revenue of over US$ 1.2
billion, up by 15.43%. Sales to Russia are up by 5.13%, to
over 253,000 tons, worth US$ 1.06 billion, up by 12.32%.
Informaon provided by Abiec
Exports total US $ 75.91 billion between January and
September
On Wednesday, October 8, MAPA released the agribusi-
ness trade balance. Between January and September 2014
Brazil earned US$ 75.91 billion in exports from the sector,
accounting for 43.7% of the country’s total exports in the
year. Animal-origin products accounted for 22.4%, wor-
th US$ 17 billion. Those of vegetable origin earned US$
58.92 billion, or 77.6%.
The meat sector was the second biggest between January
and September, with sales of US$ 12.84 billion, up by
3.6%. Poultry earned US$ 5.88 billion, followed by beef,
with US$ 5.27 billion, up by 9.9% on the same period last
year. In the rst nine months of this year, pork revenue
also increased on 2013, to with US$ 1.13 billion (+12.4%).
Soybean complex was the main export sector, at US$
29.24 billion, up by 5.8% on the same period last year.
The main item exported was soybeans, at US$ 22.76
billion (+5.3%). Sales of soybean meal totaled US$ 5.59
billion, up by 12.1% year on year.
Next is the sugar cane sector, earning US$ 7.52 billion,
followed by forest products, with US$ 7.38 billion.
Rounding out the top ve sectors in exports, the coffee
sector earned US$ 4.68 billion, up by 18.1% year on year.
Informaon provided by BeefPoint
JBS obtains approval from CADE for acquisition that
would help its foray into Mexico
JBS SA received unrestricted approval on Monday,
October 6, for the acquisition of the assets owned by
Brazilian poultry processor Céu Azul Alimentos Ltda,
including export licenses that the company has to
the promising Mexican market, from Brazil’s antitrust
agency (CADE).
The deal involves two chicken slaughter units, two feed
mills and three incubators in the state of São Paulo, as
well as the three brands in the production and marke-
ting of fresh chicken meat, all of which were valued at
about R$ 246 million, when rst announced in July. The
plants have a combined processing capacity of 330,000
birds a day.
Brazil exported 3,500 tons of chicken meat to Mexico
in the rst ve months of this year, which is expec-
ted to reach 30,000 tons by the end of December, said
Ricardo Santin, vice president of poultry at the Brazilian
Animal Protein Association (ABPA), in an interview with
CarneTec in June.
Informaon provided by CarneTec
Marfrig to return five leased units
Marfrig Global Foods has informed Brazil’s securities and
exchange commission that it is to return the units leased
in Capão do Leão (RS), Mato Leitão (RS), Pirenópolis (GO),
Tucumã (PA) and Nova Londrina (PR). The company has
been leasing them since November 3, 2009.
Marfrig says the transfer of the property will be subject to
certain conditions, among them due diligence, approval
by the antitrust agencies, and the negotiation of commer-
cial and nancial conditions, which the company expects
to be completed in 2015.
Informaon provided by Valor Econômico
beef news summary
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Brazilian Meat Monitor
poultry and pork domestic market overview
Short-term uptrend in live chicken
The spot market for live chicken has again seen gains in
some important regions of Brazil this week, reecting the
seasonal effect of the period on meat consumption. The
market is stable but there has been room for new gains
as the supply of poultry ready for slaughter is evenly ba-
lanced with demand from the slaughterhouses.
Demand was higher this week compared with weekly ave-
rages, with buyers being more active as the price of other
meats us rising. This has boosted chicken meat consump-
tion, driving the live chicken market. Prices are expected
to keep rising in the short term.
Wholesale chicken meat prices have risen signicantly.
Domestic demand is growing and some buyers have alre-
ady started building up inventory for the end of the year.
Exports are up, both in volume and revenue, offering a
bright outlook for the sector. Prices are largely linked to
the rise in exports in the period, which has reduced do-
mestic supply, and booming domestic demand.
According to data from the Foreign Trade ofce (SECEX),
fresh chicken exports in September totaled 331,400 tons,
up by 9.9% on August and 19.4% up on September 2013.
In the same period, export revenue was US$ 634.2 million,
24.9% up year on year.
Pork exports up in September
Brazil’s fresh pork exports in September were up both in
volume and revenue. Export prices have improved pro-
tability and, in turn, boosted Brazil’s exports. According
to SECEX, in September Brazil exported about 36,000
tons of fresh pork, 1.4% up on August, but 9.9% down on
September 2013. However, in the same period, the avera-
ge price of fresh pork exported by Brazil rose by 8.4% on
August, and 40.2% up on September 2013, to US$ 3,983
per ton. Export revenue totaled US$ 143.3 million, 26.4%
up on the same month in 2013.
The tight supply of nished animals offered support for a
new round of price hikes on the spot market for live pigs
in this rst half of October. Most slaughterhouses are ha-
ving some difculty buying nished animals, especially in
the Southeast region of the country, where there are a lot
of underweight animals being slaughtered.
With an eye on the year-end festivities and higher ex-
ports, demand for nished animals has increased and
made room for price hikes. Prices are up in São Paulo
and in the major exporting regions, the South and
Center-West.
In recent days, sales have increased on the wholesale ma-
rket. Short supply and rising demand have also resulted in
price hikes.
12
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c 2013 Informa Economics FNP
Brazilian Meat Monitor
0,00
5,00
10,00
15,00
20,00
25,00
30,00
35,00
40,00
0,0
1,0
2,0
3,0
4,0
5,0
6,0
Jul- 12
Aug-12
Sep-12
Oc t-12
No v- 12
Dec- 12
Ja n-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul- 13
Aug-13
Sep-13
Oc t-13
No v- 13
Dec- 13
Ja n-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul- 14
Aug-14
Sep-14
Oc t-14
Poultry (kg) /Corn(kg)
Pork(kg) /Corn(kg)
Prices
Live Live Maximum Price
1,00
1,50
2,00
2,50
3,00
3,50
4,00
4,50
0,0
1,0
2,0
3,0
4,0
5,0
6,0
Jul-12
Au g -12
Se p-12
Oct-12
Nov-12
Dec-12
Jan-13
Fe b-13
Mar -13
Ap r -13
May -13
Jun-13
Jul-13
Au g -13
Se p-13
Oct-13
Nov-13
Dec-13
Jan-14
Fe b-14
Mar -14
Ap r -14
May -14
Jun-14
Jul-14
Au g -14
Se p-14
Oct-14
Poultry kg /Soy Meal (kg)
Pork(kg) /Soy Meal(kg)
Exchange Ratio
Pork (kg) /Soy Meal ( kg) C h ic k en ( k g ) / S o y M ea l ( kg )
13
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c 2013 Informa Economics FNP
Brazilian Meat Monitor
poultry and pork domestic prices
Pork prices - Paraná
Date
Pork / Pig- R$ / kg Pork / Pig - US$ / pound Pork / Pig - US$ / kg
Wholesale Carcass
Special
Pig CIF (Toledo
city )
Wholesale Carcass
Special
Pig CIF (Toledo
city)
Wholesale Carcass
Special
Pig CIF (Toledo
city)
9-Oct
6,80 4,30 1,00 0,54 2,20 1,20
8-Oct
6,80 4,30 1,29 0,82 2,85 1,80
7-Oct
6,60 4,20 1,25 0,79 2,75 1,75
6-Oct
6,60 4,20 1,23 0,79 2,72 1,73
3-Oct
6,50 4,20 1,20 0,77 2,64 1,71
2-Oct
6,50 4,20 1,18 0,76 2,61 1,69
Source: Informa Economics FNP
Poultry prices - Paraná
Date
Poultry - R$ / kg Poultry - US$ / pound Poultry - US$ / kg
Wholesale Frozen
Poultry (whole)
Live Poultry
Wholesale Frozen
Poultry (whole)
Live Poultry
Wholesale Frozen
Poultry (whole)
Live Poultry
9-Oct
3,60 2,50 0,66 0,50 1,45 1,10
8-Oct
3,60 2,50 0,68 0,48 1,51 1,05
7-Oct
3,40 2,45 0,64 0,46 1,42 1,02
6-Oct
3,35 2,45 0,63 0,46 1,38 1,01
3-Oct
3,35 2,45 0,62 0,45 1,36 1,00
2-Oct
3,35 2,45 0,61 0,45 1,34 0,98
Source: Informa Economics FNP
14
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c 2013 Informa Economics FNP
Brazilian Meat Monitor
Pork prices - Santa Catarina
Date
Pork / Pig- R$ / kg Pork / Pig - US$ / pound Pork / Pig - US$ / kg
Wholesale Carcass
Special
Pig CIF
(Concórdia city )
Wholesale Carcass
Special
Pig CIF
(Concórdia city)
Wholesale Carcass
Special
Pig CIF
(Concórdia city)
9-Oct
6,60 3,40 1,25 0,64 2,20 1,13
8-Oct
6,60 3,40 1,25 0,65 2,77 1,42
7-Oct
6,50 3,40 1,23 0,64 2,71 1,42
6-Oct
6,50 3,40 1,22 0,64 2,68 1,40
3-Oct
6,35 3,40 1,17 0,63 2,58 1,38
2-Oct
6,35 3,40 1,16 0,62 2,55 1,36
Source: Informa Economics FNP
Poultry prices - Santa Catarina
Date
Poultry - R$ / kg Poultry - US$ / pound Poultry - US$ / kg
Wholesale Frozen
Chicken (whole)
Live Chicken
Wholesale Frozen
Chicken (whole)
Live Chicken
Wholesale Frozen
Chicken (whole)
Live Chicken
9-Oct
3,80 2,55 0,72 0,48 1,58 1,06
8-Oct
3,80 2,55 0,72 0,48 1,59 1,07
7-Oct
3,50 2,55 0,66 0,48 1,46 1,06
6-Oct
3,45 2,55 0,64 0,48 1,42 1,05
3-Oct
3,45 2,55 0,64 0,47 1,40 1,04
2-Oct
3,45 2,55 0,63 0,46 1,38 1,02
Source: Informa Economics FNP
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Brazilian Meat Monitor
Pork prices - São Paulo
Date
Pork / Pig- R$ / kg Pork / Pig - US$ / pound Pork / Pig - US$ / kg
Wholesale Carcass
Special
Pig CIF
(Campinas city )
Wholesale Carcass
Special
Pig CIF
(Campinas city)
Wholesale Carcass
Special
Pig CIF (Campinas
city)
9-Oct
7,30 4,96 1,38 0,94 2,33 1,41
8-Oct
7,30 4,96 1,39 0,94 3,06 2,08
7-Oct
7,10 4,91 1,34 0,93 2,96 2,04
6-Oct
6,90 4,85 1,29 0,91 2,84 2,00
3-Oct
6,80 4,85 1,25 0,89 2,76 1,97
2-Oct
6,80 4,85 1,24 0,88 2,73 1,95
Source: Informa Economics FNP
Poultry prices - São Paulo
Date
Poultry - R$ / kg Poultry - US$ / pound Poultry - US$ / kg
Wholesale Frozen
Poultry (whole)
Live Poultry
Wholesale Frozen
Poultry (whole)
Live Poultry
Wholesale Frozen
Poultry (whole)
Live Poultry
9-Oct
3,75 2,70 0,71 0,51 1,45 1,04
8-Oct
3,75 2,70 0,71 0,51 1,57 1,13
7-Oct
3,75 2,70 0,71 0,51 1,56 1,12
6-Oct
3,60 2,70 0,67 0,50 1,48 1,11
3-Oct
3,55 2,70 0,65 0,50 1,44 1,10
2-Oct
3,55 2,70 0,65 0,49 1,42 1,08
Source: Informa Economics FNP
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Brazilian Meat Monitor
POULTRY Exports
QUANTITY - Tonnes
Whole Poultrys
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
129,212 90,900 123,859 126,644 123,667 106,619 116,044 112,168 105,101 128,212 120,815 133,994 1,417,235
2013
107,317 115,662 128,699 130,095 133,450 117,561 125,326 117,506 114,947 128,664 131,177 134,009 1,484,413
2014
104,407 100,470 120,518 130,830 129,859 121,583 133,867 112,945 954,480
Poultrys in Parts
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
164,499 166,124 212,007 171,860 214,732 181,312 162,596 172,360 176,270 182,308 158,818 180,250 2,143,135
2013
152,557 147,989 167,790 177,329 179,831 172,316 186,010 186,484 162,603 190,911 183,843 160,371 2,068,032
2014
165,506 160,865 174,546 187,158 185,045 158,550 203,332 188,694 1,423,695
Quantity - TOTAL
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
293,710 257,024 335,865 298,504 338,399 287,931 278,640 284,529 281,372 310,520 279,633 314,244 3,560,370
2013
259,874 263,651 296,489 307,424 313,281 289,877 311,336 303,990 277,550 319,575 315,019 294,380 3,552,445
2014
269,913 261,334 295,064 317,988 314,904 280,133 337,199 301,639 2,378,175
VALUE - '000 US$
Whole Poultrys
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
217,980 155,311 211,456 214,758 202,903 162,081 181,843 180,383 195,562 244,847 235,400 257,402 2,459,927
2013
203,989 234,916 269,696 275,900 272,765 227,386 224,956 204,734 200,649 224,902 231,923 232,915 2,804,730
2014
171,120 161,517 191,885 224,915 228,226 223,623 239,570 192,880 1,633,738
Poultrys in Parts
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
315,036 313,833 423,460 346,180 419,288 343,443 299,268 332,863 370,585 385,014 330,754 392,730 4,272,454
2013
305,233 310,062 373,233 401,715 399,273 362,623 372,122 355,062 307,091 357,893 354,215 300,588 4,199,110
2014
307,676 301,304 336,809 365,737 377,162 344,685 427,423 387,836 2,848,633
Value - TOTAL
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
533,016 469,144 634,916 560,938 622,191 505,524 481,111 513,247 566,147 629,861 566,155 650,132 6,732,381
2013
509,221 544,979 642,929 677,615 672,038 590,009 597,078 559,796 507,740 582,794 586,138 533,503 7,003,840
2014
478,797 462,821 528,694 590,652 605,388 568,308 666,994 580,717 4,482,371
Average PRICES - US$ per Tonne
Whole Poultrys
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
1,687 1,709 1,707 1,696 1,641 1,520 1,567 1,608 1,861 1,910 1,948 1,921 1,731
2013
1,901 2,031 2,096 2,121 2,044 1,934 1,795 1,742 1,746 1,748 1,768 1,738 1,889
2014
1,639 1,608 1,592 1,719 1,757 1,839 1,790 1,708 1,706
Poultrys in Parts
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
1,915 1,889 1,997 2,014 1,953 1,894 1,841 1,931 2,102 2,112 2,083 2,179 1,993
2013
2,001 2,095 2,224 2,265 2,220 2,104 2,001 1,904 1,889 1,875 1,927 1,874 2,032
2014
1,859 1,873 1,930 1,954 2,038 2,174 2,102 2,055 1,998
Average Prices - TOTAL
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
1,815 1,825 1,890 1,879 1,839 1,756 1,727 1,804 2,012 2,028 2,025 2,069 1,889
2013
1,959 2,067 2,168 2,204 2,145 2,035 1,918 1,841 1,829 1,824 1,861 1,812 1,972
2014
1,774 1,771 1,792 1,857 1,922 2,029 1,978 1,925 1,881
Source: SECEX / Informa Economics FNP
poultry exports
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Brazilian Meat Monitor
PORK Exports
QUANTITY - Tonnes
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2012
37,244 36,661 46,592 46,508 52,613 42,678 42,870 52,468 58,922 60,310 49,612 39,116 565,593
2013
39,195 39,968 37,802 33,973 42,537 39,443 48,585 51,138 45,121 51,221 37,570 36,496 503,049
2014
34,121 36,069 37,835 41,763 37,105 42,710 39,538 41,365 310,506
VALUE - '000 US$
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2012
95,076 93,890 118,188 122,061 136,323 105,650 104,761 129,336 153,867 163,201 133,787 100,636 1,456,776
2013
102,563 106,125 101,659 94,647 111,103 95,599 121,956 129,925 121,415 140,832 99,973 98,548 1,324,345
2014
88,616 94,682 101,920 116,491 117,823 163,680 135,119 140,000 958,331
Average PRICES - US$ per Tonne
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2012
2,404 2,650 2,457 3,048 2,333 3,470 2,115 2,241 1,881 2,168 2,556 2,609 2,494
2013
2,426 2,349 3,126 3,593 3,205 2,679 2,156 2,529 3,410 3,186 3,561 2,757 2,915
2014
3,006 2,942 2,687 2,266 2,994 2,238 3,085 3,141 2,795
Source: SECEX / Informa Economics FNP
pork exports
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Brazilian Meat Monitor
poultry and pork news summary
Project includes poultry in the government’s mini-
mum pricing policy
Poultry production could be included in the list of
products supported by the Guaranteed Minimum
Price Policy (PGPM), according to senado.gov.br.
Senate Bill (PLS) 192/2010, which deals with the is-
sue, is awaiting a final vote in the Economic Affairs
Committee (CAE).
The bill minimum prices for live chicken and eggs
must be set on an annual basis. Production costs,
both state or regional - set by the federal govern-
ment, in partnership with the private sector, unions
and producers - must be considered in setting mini-
mum prices.
Informaon provided by CarneTec
Brazil may lose its advantage in exporting to Russia if
prices do not fall, says Russian official
Brazil may lose its advantage in exporting to Russia if
the price of its meat products does not come down
soon, says Sergey Dankvert, head of Russia’s Federal
Service for Veterinary and Phytosanitary Surveillance,
Rosselkhoznadzor.
“Brazil needs to reduce its prices because the Russian
market is also of interest to major suppliers such as India
and China, which could become serious competitors for
Brazilian meat,” Dankvert has told Russian news agencies.
Minimal gains have been made by Brazil’s beef exports to
Russia, which Dankvert has put down in part to Brazilian
suppliers’ policies and in part to delays by some proces-
sors in signing price agreements with Russian importers.
In contrast to beef, Brazil’s exports of chicken to Russia
increased by 250% from August to September, jumping
from 8,000 tons to 20,000 tons last month.
Russia continues to focus on imports of beef and pork,
especially from a large supplier like Brazil, because these
segments of the Russian market are experiencing more
difculties than others. However, Rosselkhoznadzor
blocked a total of 54 tons of beef and chicken from
Brazil in September because of violations of veterinary
regulations.
Informaon provided by CarneTec
Dreyfus injects R$ 100.6 million into juice business in
Brazil
France’s Louis Dreyfus Commodities (LDC), one of the
world’s largest companies in the agribusiness sector, is
to inject R$ 100.6 million into LDC Agroindustrial, whi-
ch owns its orange juice assets in Brazil. In the minutes
of the extraordinary meeting that decided on the invest-
ment, published last week, the use the resources will be
made of was not mentioned. The multinational has not
given an interview.
In 2013, its orange juice business led losses, reecting
the commodity’s challenging time on the international
market, which for years has suffered from declining global
demand. Net sales for LDC Agroindustrial grew by 9.1% in
the year, to R$ 1.198 billion, but operating expenses rose
by 32.9% (R$ 117.4 million), undermining performance in
the segment. The net result was a loss of R$ 95.5 million,
just below the loss made in 2012 (R$ 114.6 million).
Still, the division has managed to reduce its bank debt by
11.9% year on year, to R$ 1.4 billion. However, the share of
debt with banks maturing within 12 months increased from R$
794.5 million at the end of 2012 to R$ 959 million a year later.
Informaon provided by Valor Econômico
More than half the meat produced in Brazil will be
chicken within five years
Chicken meat, the leader for some years of the Brazilian
meat market, will soon surpass joint beef and pork ou-
tput. This will happen in 2019, when chicken meat pro-
duction will account for 50.32% of the 29.599 million tons
forecast for meat production.
So says Brazil’s Ministry of Agriculture that, in its projec-
tions for the next ten years, says chicken production will
grow by 3.1% a year, while pork will grow at 2.8% and
beef ill grow at 1.9%.
This means that by 2024 Brazilian production of three
meats will be close to 33.9 million tons (30% more than
expected in 2014), with beef reaching 11.975 million tons,
pork 4.68 million tons and chicken 17.216 million tons.
So, chicken meat will account for 50.83% of the total, sur-
passing beef and pork together (respectively, 35.35% and
13.82% of the total).
Informaon provided by AviSite
19
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Brazilian Meat Monitor
feed news
Planting of the soybean and maize crops in Brazil is in
its early days, with most progress being made only in
the South. In the Center-West and Southeast, planting is
negligible. Even in states in the Center-West farmers are
being cautious, waiting for more rains current levels of
prot offer no margin for error. In recent weeks, the rain
has been irregular, halting planting in Mato Grosso and
Goiás. This has slowed domestic and international price
falls, as buyers are now focusing their attention on South
American production.
In the global scenario for grain, attention has turned to
harvesting in the USA, since the favorable weather has
helped the nal stage of crop development (ripening and
completion of the production cycle). After the initial sho-
ck of the rst frosts of the season - which are still crea-
ting uncertainty regarding the actual damage done in
September - according to information from the meteoro-
logical agency, the latest forecasts indicate slightly lower
temperatures and low rainfall during most of October in
the Midwest of the USA. The precipitation should move
to the South Plains, where the main crop is wheat.
In the short term there should be less rainfall, but enou-
gh, especially in areas where the harvest has begun. These
conditions should also help ripen plants, especially soy-
beans that are in the bean-swelling phase. In some areas
of Iowa where there has been an abnormal drought, rains
have arrived. This is the ninth wettest winter in recent ye-
ars in the United States, and the lower temperatures have
made evapotranspiration slower, offsetting a lack of rain-
fall in the largest grain producing state in the USA. The
levels of moisture in the soil have also improved. This in-
formation has been reported by international agencies
Agriculture.com and DTN The Progressive Farmer.
Analysts say this near-perfect weather in the Midwest is
reected in the latest crop numbers released now by the
USDA, maintaining the index of soybean crops in good
or excellent conditions at 73% and maize at 75%, compa-
red with 52% and 55% in the same period last year, when
the weather was worse. The latest crop report has chan-
ged very little on June’s report, when 74% of the soybean
crops and 76% of the maize crops were in good or excel-
lent condition.
While the harvest in the USA and throughout the
Northern Hemisphere progresses, the 2014/15 grain crop
is being planted in the Southern Hemisphere, more speci-
cally in South America. The higher incidence of rainfall in
the south of Brazil, Paraguay and some major agricultu-
ral regions of Argentina has allowed the early planting of
maize and soybeans. Excess moisture has even prevented
more signicant progress in the planting of grain crops.
Concerned about unusual weather in the transition pe-
riod between spring and summer this season, farmers are
trying to speed up the work in the eld. This will make the
harvest earlier, with a chance of new soybean and mai-
ze crops coming to market in the rst months of 2015.
The level of soil moisture is satisfactory and temperatu-
res are mild, creating an environment that is conducive to
planting.
Grain market watches the weather
20
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c 2013 Informa Economics FNP
Brazilian Meat Monitor
soybean and corn domestic prices
Comments about prices: The prices are in origin regions. Compared with CBOT prices, freight, taxes, losses
and trade margins have to be added to the conversion for a specic month contract. From the CBOT price a calcu-
lation can be done thus: {((CBOT price/100)+(premium price/100)) x (36.7454)) - (5)) x US$/R$} / 16.66 = price in R$
per 60kg bag in the port of Paranaguá.
SOYBEAN - US$ / bushel
State BA PR MS SP RS GO MT
date / Region Barreiras Cascavel Dourados Orlândia PassoFundo RioVerde Rondonópolis
9-Oct
10,03 11,26 10,59 10,97 11,16 10,59 10,40
8-Oct
10,27 11,22 10,36 10,84 11,12 10,65 10,55
7-Oct
10,20 11,23 10,39 10,95 11,05 10,57 10,57
6-Oct
10,09 11,22 10,28 10,94 11,03 10,47 10,47
3-Oct
10,04 10,87 10,32 10,78 10,87 10,32 10,41
2-Oct
10,01 10,83 10,29 10,56 10,65 10,10 10,29
Source: Bolem da SOJA - diário (Daily Soybean Bullen - Informa Economics FNP)
CORN - US$ / bushel
State BA PR MS PR SP RS GO MT
date / Region Barreiras Cascavel Dourados Maringá Orlândia PassoFundo RioVerde Rondonópolis
9-Oct
3,59 3,78 3,31 3,78 3,78 4,54 3,31 2,84
8-Oct
3,61 3,80 3,33 3,80 3,80 4,56 3,33 2,85
7-Oct
3,59 3,78 3,21 3,78 3,78 4,44 3,21 2,74
6-Oct
3,55 3,83 3,18 3,74 3,65 4,39 3,18 2,71
3-Oct
3,50 3,78 3,13 3,69 3,59 4,33 3,13 2,67
2-Oct
3,46 3,73 3,09 3,64 3,55 4,28 3,09 2,64
Source: Bolem da SOJA - diário (Daily Soybean Bullen - Informa Economics FNP)
21
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c 2013 Informa Economics FNP
Brazilian Meat Monitor
currencies
0.000
5.000
10.000
15.000
20.000
25.000
30.000
Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Ja n-14 Apr-14 Jul-14 Oct-14
Source: Central Bank of Uruguay
US Dollar in UR Pesos
0,000
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct -13 Jan-14 Apr-14 Jul-14 Oct-14
Source: Central Bank of Argentina
US Dollar in AR Pesos
0,000
5,000
10,000
15,000
20,000
25,000
30,000
Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Ja n-14 Apr-14 Jul-14 Oct-14
Source: Central Bank of Uruguay
US Dollar in UR Pesos
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
2,500
Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14
Source: Central Bank of Brazil
US Dollar in BR Reais
22
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c 2013 Informa Economics FNP
Brazilian Meat Monitor
Source: RAT - Land Market Analysis - Informa Economics FNP
Region cod. Sates Region cod. Sates
North AC
Acre
Northeast AL
Alagoas
AM
Amazonas
BA
Bahia
AP
Amapá
CE
Ceará
PA
Pará
MA
Maranhão
RO
Rondônia
PB
Paraíba
RR
Roraima
PE
Pernambuco
TO
Tocantins
PI
Piauí
South PR
Paraná
RN
Rio Grande do Norte
RS
Rio Grande do Sul
SE
Sergipe
SC
Santa Catarina
Southeast ES
Espírito Santo
Centre-West DF
Distrito Federal
MG
Minas Gerais
GO
Goiás
RJ
Rio de Janeiro
MS
Mato Grosso do Sul
SP
São Paulo
MT
Mato Grosso
map of brazilian states
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agriculture and agribusiness with three main business units: pu-
blications, business intelligence and projects & consulting.
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carried out the Farmland multi-client study. Farmland, besides pro-
viding a historical and current overview of arable land and its pri-
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Logistics:
It is evident that the global protein and grain markets will depend on
Brazil more than ever. If Brazil produces record soybeans and corn
harvests, the big question is: will Brazil’s infrastructure be able to
transport and store the volumes needed to meet global demand? Will
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A bi-monthly report that provides detailed information on the
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comparative analysis of current and previous prices (36 months in
the long term, and 12 months in the short term). It compares the
largest increases and decreases in absolute (R$) and relative (%)
terms in the two periods of analysis. A table with prices (R$ and
US$ / ha) shows every type of land quoted in Brazil’s 27 states,
and there is a chart of historical prices by state in nominal values
allowing for ination.
Leasing
A monthly report that provides information on the lean leasing ma-
rket in Brazil, comparing prices, describing variables and concepts that
help in making decisions on whether to buy or lease land in Brazil.
Brazilian Meat Monitor is published by Informa Economics FNP, a division of Informa Group.
WEEKLY REPORTS
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